Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange

Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.

The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.

Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep

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On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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IMF Managing Director Kristalina Georgieva says Federal Reserve Chairman Kevin Warsh “did a great job” in his Jackson Hole speech. Speaking with Bloomberg’s Lisa Abramowicz on “Bloomberg The Close.” Georgieva also discusses recent inflation pressures and whether they reflect central bank failure or other forces.
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Former Canadian trade minister Mary Ng tells Bloomberg TV that she sees a permanent shift in the US posture on trade with its northern neighbor. She speaks after Canadian Prime Minister Mark Carney’s government said it sees little chance of resuming talks with President Donald Trump before the midterm elections. (Corrects spelling of interviewee.)
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Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports https://bloom.bg/4g3auMc

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